GBPUSD Weaker As Market Looks To Fed, Bank of England
There are monetary policy calls on both sides of the GBP/USD pair this week, with major moves unlikely until they’re out of the way
Gold Price Slips Lower as Markets Turn Risk-on, FOMC Will Guide the Next Move
After breaking the $2k barrier for the first time in a year, gold has given back some of its recent gains ahead of Wednesday’s all-important Fed monetary policy decision.
AUD/USD Drops as RBA Minutes Reveal Likelihood of an April Pause
The Reserve Bank of Australia’s minutes of the March meeting revealed discussions on a pause in interest rates to be discussed in April. AUD/USD trades lower
Crude Oil Crumbles as Markets Assess Banks Ahead of Fed. Will WTI Go Lower?
The crude oil price slid lower again today as markets digest the measures being taken by regulators to tackle the evolving banking crisis. If the Fed hikes on Wednesday, where…
Gold Price Gallops North on Weaker US Dollar Ahead of Fed. Where to for XAU/USD?
The gold price stormed higher yesterday as the Credit Suisse debacle continues to play out while the US Dollar seems susceptible ahead of the Fed decision. Will a hike turn…
Dow Jones, S&P 500 Gain as Bank Sector Volatility Cools Ahead of the Fed
The Dow Jones and S&P 500 gained as bank sector volatility cooled, causing traders to firm Fed rate hike bets for Wednesday. The Nasdaq/Dow ratio plunged the most since SVB’s…
Fed Preview: US Dollar and S&P 500 Could Take Diverging Paths After FOMC Decision
The Fed will announce its policy decision on Wednesday. Markets expect the FOMC to raise rates by 25 bp to 4.75%-5.50%, though a pause in the hiking cycle should not…
Gold Price Forecast: Bullish Momentum Wilts After Fake Breakout. Now What?
Gold prices lose upward momentum after failing to break above the psychological $2,000 level decisively but maintain a bullish technical outlook.
Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Mar 07, 2023 when Wall Street traded near 32,870.10.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.
FTSE Price Forecast: UK Stocks Rally as Markets Contemplate Overreaction
The prior resilience of the FTSE 100 index appears at risk as the very exposure to financials and energy that held it in good stead adds to its new-found fragility